Retirement Planning Group LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,470 shares of the company’s stock, valued at approximately $678,000.
Several other institutional investors have also bought and sold shares of SPMO. Envestnet Asset Management Inc. grew its position in Invesco S&P 500 Momentum ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock valued at $238,973,000 after acquiring an additional 128,087 shares during the period. Planning Alternatives Ltd. ADV raised its stake in Invesco S&P 500 Momentum ETF by 22.9% during the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after acquiring an additional 138,915 shares in the last quarter. Redwood Investment Management LLC raised its stake in Invesco S&P 500 Momentum ETF by 5.3% during the first quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock worth $73,574,000 after acquiring an additional 33,157 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 6.8% during the first quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock valued at $63,060,000 after acquiring an additional 35,630 shares during the period. Finally, Alpine Bank Wealth Management lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 1.4% during the third quarter. Alpine Bank Wealth Management now owns 498,031 shares of the company’s stock valued at $75,492,000 after acquiring an additional 7,043 shares during the period.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of NYSEARCA SPMO opened at $143.15 on Thursday. The stock has a market cap of $22.07 billion, a PE ratio of 29.51 and a beta of 1.10. The business has a fifty day moving average of $148.84 and a two-hundred day moving average of $145.81. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30.
Invesco S&P 500 Momentum ETF Profile
The Invesco S&P 500 Momentum ETF (SPMO) is an exchange-traded fund that is based on the S&P 500 Momentum (US Dollar) index. The fund tracks an index of 100 S&P 500 components with the strongest volatility-adjusted momentum. SPMO was launched on Oct 9, 2015 and is managed by Invesco.
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